China State Researcher Sees Downside Risks in Property Sales
- Curbs in some cities are limiting sales growth, Zhang says
- China economy could expand by more than 6.5% in 2016: Zhang
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There are downside risks for the China property market in the second quarter because of the tightening measures that have been reintroduced to some cities, a Chinese government researcher said.
The curbs in first-tier cities are limiting property sales’ growth, Zhang Changcai, deputy director general at the Information Research Department of the State Council, said at a conference in Beijing Saturday.